ICICI Prudential Life Insurance Reports 27.8% Growth in Net Profit for Q1

Leading insurance sector player ICICI Prudential Life Insurance has reported a 27.8% increase in its net profit, reaching INR 386 crore for the first quarter of the current financial year ending in June. In the corresponding April–June quarter of the previous financial year, the net profit stood at INR 302 crore.

Key financial figures for the quarter include:
According to the financial results of ICICI Prudential Life Insurance, net premium income rose from INR 8,503 crore to INR 9,749 crore. Additionally, the new business premium grew by 21%, increasing from INR 4,012 crore to INR 4,866 crore. As of June 30, 2026, the company’s Assets Under Management (AUM) stood at INR 3.34 lakh crore, while its net worth was recorded at INR 14,375 crore.

Proposed Company Name Change:
During the Board of Directors meeting held on July 6, approval was granted to change the company’s name to ‘ICICI Life Insurance Limited’. This proposed change is subject to regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI).